With bus rapid transit coming to Penn Avenue in 2016, community partners are hoping to leverage public investment to bring economic development to a north Minneapolis corridor sprinkled with vacant properties.

As Lockheed Martin Corp. prepares to shutter its Eagan plant at the end of March, the site’s new owners and the city still haven’t agreed on redevelopment plans. CSM Corp. thinks the 47.4-acre site should be all retail, but city leaders are mulling mixed-use concepts.